Property Overview
This two-storey home on Victor Street in Daniel McIntyre is a practical, no-frills property that offers solid value in a central Winnipeg neighbourhood. Built in 1907, it features 1,200 sqft of living space and sits on a 2,350 sqft lot. The home has a basement but it is not renovated, and there is no garage or pool. Its assessed value is $200k, which is notably below the citywide average, reflecting its character and location.
Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and its position as a straightforward entry point into the Winnipeg market. It suits first-time buyers, practical investors, or those seeking a lower-cost base in a central location. The lot size is manageable for low-maintenance living, and the home's living area is perfectly average for its immediate street and neighbourhood, meaning it offers typical space for the area without premium pricing.
A less obvious perspective is its potential as a "value-hold" property. In a city where average assessments are significantly higher, this home's below-average valuation could represent a stable, lower-risk asset with room for gradual appreciation as the central neighbourhood evolves. It’s not a luxury offering, but a grounded, functional property for those whose priority is financial accessibility over modern finishes or extra amenities.
Frequently Asked Questions
1. What is the neighbourhood like?
Daniel McIntyre is a mature, central Winnipeg neighbourhood known for its diversity, accessibility to downtown, and mix of residential and commercial streets. It offers convenience and character, though it may not have the same curb appeal as newer suburban areas.
2. What does "basement not renovated" imply?
It typically means the basement is in original or utilitarian condition, likely suited for storage and mechanical systems rather than finished living space. Buyers should budget for updates if they wish to use it as a living area.
3. How does the $200k assessment compare to recent sale prices?
The home last sold in 2016 for $184k. Its current $200k assessment is slightly above that sale price but remains far below the Winnipeg citywide average, indicating it is priced for its specific locale and older home characteristics.
4. Is the lack of a garage a major concern?
On-street parking is common in this area. For buyers accustomed to central neighbourhoods, this is standard. For those requiring guaranteed off-street parking, it would be a significant consideration.
5. What are the long-term considerations with a 1907 home?
While the structure has proven its durability, a home of this age will likely require ongoing maintenance and updates to systems like wiring and plumbing. The appeal is in the solid foundation and location, but a thorough inspection is essential to understand future investment needs.